In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?

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The
first
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and foremost thing every human need is
Use synonyms
home
Suggestion
a home
to live. People spend about one-
third
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of their salary, either to pay the monthly rent bills or mortgage interest on their homes. In some parts of the world, people prefer to rent a
home
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as it's economical and easy to relocate when the demand arises.
However
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, it has its drawback too. It is evident that renting a
home
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is cheap and would not incur any additional costs for repairs or maintenance, as they would be taken care by the landlords. In most countries, countryside
home
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rents are even cheaper when compared to urban areas.
For instance
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, in the state of Texas, USA, residents pay as much as 10 to 12 thousand dollars in property taxes every year, which is roughly the same amount to rent a two-bedroom
house
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.
Besides
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, when the income levels are low, we can downsize and move to a different
home
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.
Also
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, if the job requires constant relocation,
then
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renting a
house
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is the most viable option. It would be impossible to buy a
house
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in every work location, especially in downtown areas.
On the other hand
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, renting a
house
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does not provide a stable place to live forever. Landlords may ask the tenants to leave at any time with short notice.
This
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would create a lot of stress on individuals to find another
home
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.
Moreover
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, renting does not allow to renovate or remodel homes based on one's wish and
this
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blocks people from living their true lifestyle. In a way, it forces tenants to adjust according to the landlord's direction. To conclude,
although
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is renting the
house
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looks like the best option, it does not allow people to live with complete freedom. Spending a few more dollars and buying a
house
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could prove to be a good investment.
Submitted by Revanth on

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    • Sentence 3 - Thesis
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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